ABB to sell Power Grids to Hitachi, revamp business structure

ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders.

from Reuters: Money News https://ift.tt/2EvZVB3
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